Price Trend
In the recent week (January 31–February 6, 2026), the PA6 market experienced a slight increase followed by stabilization. As of February 6, the benchmark price of PA6 on Business Society had risen to ¥10,666.67 per ton, up 0.95% from the beginning of the week (¥10,566.67 per ton on January 31). Trading activity has turned subdued as the Spring Festival approaches, but supported by cost-side factors, PA6 prices have remained firm overall. The current price of PA6 is still near its five-year low, down approximately 16% year-on-year, indicating that profitability pressures across the industry have not fundamentally eased.

Influencing Factors
Cost Side:
This week, maintenance shutdowns at caprolactam plants increased, tightening market supply and driving a slight rise in prices. The benchmark price of caprolactam increased from ¥9,573.33 per ton on January 31 to ¥9,656.67 per ton on February 6, a weekly increase of 0.87%. Strengthening costs have provided a foundation for the recovery in PA6 prices.

Supply Side:
Operations at major PA6 plants remained relatively stable this week. However, increased maintenance at some facilities and delays in restarting idled units have slightly tightened market supply, supporting producers' efforts to maintain firm prices to some extent.

Demand Side:
With the approach of the Spring Festival holiday, downstream end-users of PA6 gradually began holiday shutdowns this week, leading to a significant reduction in procurement demand. The market has entered a seasonal lull, with buyers adopting a cautious stance toward PA6 purchases, mostly replenishing stocks based on immediate needs.

Outlook:
In the short term, PA6 prices are expected to remain firm with a tendency for consolidation at relatively high levels. Going forward, attention should be paid to fluctuations in crude oil and benzene prices, as well as the pace of resumption of operations upstream and downstream.